National Carbon Offset Coalition,...
Transcript of National Carbon Offset Coalition,...
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National Carbon Offset Coalition, Inc.
Benefits and Challenges of Participating in Carbon Sequestration
Carbon Credits . . . A Unique Market-Based Approach With Potential Benefits for Landowners
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NCOC BackgroundSeven non-profit resource conservation organizations, based in Butte, Montana.Funded by both the State of Montana and the Department of Energy The program offers corporations a cost-effective way to achieve their carbon dioxide emission reduction goals.Carbon credit transfer is a new marketable commodity that is providing landowners and communities with a source of revenue.NCOC is an Aggregating Member of the Chicago Climate Exchange.Member of the Big Sky DOE Carbon Sequestration Partnership.NCOC is the only organization in all partnerships funded for this research.
NCOC NCOC –– Visit our website: www.ncoc.us Visit our website: www.ncoc.us –– 406406--491491--44714471
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What is Carbon Sequestration?Capture and storage of CO2 and other Greenhouse Gases
that would otherwise be emitted to the atmosphere
Capture can occur:– at the point of emission– when absorbed from air
Storage locations include:– underground reservoirs– dissolved in deep oceans– converted to solid material– trees, grasses, soils, or algae
NCOC – Visit our website: www.ncoc.us – 406-491-4471
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What Terrestrial Practices Sequester Carbon?
No-till or reduced tillage
Winter cover crops
Increased crop productivity
Intensified crop rotations (double crop)
Conservation buffers
NCOC NCOC –– Visit our website: www.ncoc.us Visit our website: www.ncoc.us –– 406406--491491--44714471
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What Terrestrial Practices Sequester Carbon?
Tree planting
Grazing lands initiative
Restoration of degraded soils
Any practices that improve soil organic carbon
NCOC NCOC –– Visit our website: www.ncoc.us Visit our website: www.ncoc.us –– 406406--491491--44714471
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Benefits of Terrestrial Offsets
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Current Situation
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NCOC aggregates carbon sequestration projects for placement on the CCX through the following process:
Project application by landownerInitial review by NCOC to determine project eligibilitySellers agreement and application to join the relevant offset
pool signed by landownerProject added to the NCOC portfolio and submitted to the
CCXProject subject to independent third-party verificationNASD review Trade completed and credits transferred to buyerOngoing management and monitoring and reporting
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Forestry Projects
• Afforestation• Reforestation• Management of Existing Stands• Credit for Long-lived Wood
Products• Urban Forestry
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Legislative Considerations
• Existing work underway (voluntary market)• Demonstrating the proof of concept• Final decision of future offsets will be done at
federal level • Key issues:
– Project types– Standards– Amount– Price
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Needed Legislative Action
• Support terrestrial offsets as a beginning strategy to sequester CO2 in:– Communications– Policy Papers– Legislation
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Support CCX Protocols/StandardsKey issues for Ag/Forest Lands
• Allow early adopters to gain credit• Support early action and leadership• Don’t create perverse incentives• Support contracting requirements (not
easements)• Support contracting on projects which have had
other cost-share
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Create a Montana Climate Trust
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Join CCX
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Support NCOC
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Thank You!National Carbon Offset Coalition305 W. Mercury, Room 408Butte, MT 59701www.ncoc.us(406) 723-6262